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Newmark Arranges $369 Million Fannie Mae Credit Facility for April Housing Florida Portfolio

  • Newmark Group, Inc. arranged a $369 million Fannie Mae credit facility for April Housing to preserve an 11-property affordable housing portfolio in Florida.
  • The facility consists of a $221.4 million fixed-rate draw & a $147.6 million floating-rate draw structured as an interest-only loan.
  • Newmark Vice Chairman Evan Williams led the transaction, supported by Senior Managing Director Ian McIntire, Director Seante Vang, & Analyst Nicole Phillips.
  • The deal involved reviewing 24 regulatory agreements across 11 properties & included a buydown on the fixed-rate portion to maximize proceeds.
  • Naveen Agrawal of April Housing stated the financing ensures long-term affordability for the communities.
  • Newmark generated over $3.6 billion in revenue for the twelve months ended June 30, 2026, & operates from 195 offices with more than 10,000 professionals.
  • April Housing has preserved more than 3,650 affordable homes nationwide since 2024, including over 700 in Florida in the last year.